MONTREAL, QUEBEC--(Marketwired - Aug. 8, 2016) - Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD) is pleased to provide addtional details on its active Urban drilling with two drills on its Urban property, Quebec.
The Rouleau block is Beaufield's area of highest priority with a drill program that could be significantly expanded. Drilling is currently underway in the vicinity of the boundary with Bonterra where all their gold zones are interpreted to cross on to 100% Beaufield owned claims. Three deep holes totalling 2,596 metres have been completed and drilling is continuing. A map of the area is provided on Beaufield's website.
The Rouleau block hosts several important gold occurrences and geophysical anomalies that will be drilled as part of this program. Drilling will target strong induced polarization anomalies located in the southern portion of the block, some of which are associated with known gold and copper mineralized structures.
In late August, the drill is scheduled to move onto the Rouleau Zone 18 gold area. In April, Geologica Groupe-Conseil Inc. "Geologica", an independent consulting firm based in Val d'Or, was commissioned to provide a comprehensive compilation and evaluation study of the project and the surrounding area. Geologica will provide a geological model of the Zone 18 mineralization based on data from 104 historical holes and a detailed program will be specified by Geologica.
Approximately 1.5 kilometres to the northeast of the Lucky 7 zone, a 15 line-kilometre induced polarization and magnetic survey was recently completed on the Panache gold zone and on nearby airborne geophysical targets. The Panache gold zone has been interpreted as an 1,000 metre long gold bearing structure which includes an intersection of 1.9 g/t Au over 14.1 metres in hole LK-10-25 (Hinterland Metals Website). Drilling is also underway in this area and is testing potential extensions of the mineralization and targeting the newly identified geophysical anomalies.
Approximately 2,000 metres of drilling remains to be done on the Macho block for the summer. Holes may be added as more information becomes available.
In June, Beaufield completed an induced polarization survey over the interpreted western extension of the Souart deposit which is currently being drilled by Osisko (NR). The survey revealed a large chargeability anomaly at the centre of the grid, and in line with Osisko's deposit. Historical data indicates this target has never been drill tested. Due to the nature ground, Beaufield plans on undertake drilling in this area during the upcoming winter. A map of the area is available on Beaufield's website.
Beaufield's 100% owned Urban property is centrally located within the Urban-Barry camp, near infrastructure and is easily accessible by road. The Urban area is an active area with many companies operating in the area including Osisko Mining, Bonterra Resources and Metanor Resources. Please refer to Beaufield's website for a map indicating the principal stakeholders for the Urban region. Beaufield began acquiring its Urban holdings in 1987 due to the presence of numerous gold occurrences. It is only recently that the importance of urban is being recognized. Beaufields centrally located properties will be aggressively explored. The company is well financed to undertake the work.
This news release has been prepared by Mathieu Stephens, P.Geo., Vice President of Exploration and Corporate Development for Beaufield, the Qualified Person, as defined by National Instrument 43-101.
Beaufield is a well financed mineral exploration company with its exploration activity focused in Quebec. Please refer to Beaufield's website to view the company's properties in Eleonore-Opinaca, Troilus and elsewhere. The Corporation is actively exploring, well financed with approximately $3 million in cash, has no debt and has excess work credits on its properties.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.